INDIA SHELTER
NHRC issues notices to states, UTs over women being 'forced' into sex trade by anti-social elements
The NHRC has taken serious note of reports alleging women are being coerced into sex trade under false job promises by criminal elements. Following a raid in Ranchi, Jharkhand, where women spoke of being trapped by familial pressures and economic needs, the NHRC issued notices to all states and UTs' chief secretaries and police chiefs. They demand reports on actions taken against these syndicates, highlighting systemic vulnerabilities despite existing legal protections. Additionally, the NHRC addressed concerns over child welfare, probing into reports of illnesses and deaths among orphans at an Indore ashram.
Buy India Shelter Finance Corporation, target price Rs 800: ICICI Securities
India Shelter Finance Corporation Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 6965.82 Crore) operating in NBFC sector.
Brokerages initiate coverage on Jyothi Labs, 4 other stocks with upside of up to 34%
A host of brokerage firms, including global and domestic, have initiated coverage on several stocks. They are bullish on these companies, which include Hindustan Construction, L&T Finance, and PTC Industries with a targeted upside of up to 34%. Here is a list of 5 stocks on which brokerages initiated coverage:
Cyclone Remal hits Bangladesh coast as authorities evacuate over 8 lakh people
Severe cyclonic storm 'Remal' made landfall in Bangladesh, prompting the evacuation of over 800,000 people. The storm crossed the West Bengal coast and caused casualties, emphasizing the need for sufficient cyclone shelter capacity.
More than 115,000 flee as Cyclone Remal approaches Bangladesh
Cyclones have killed hundreds of thousands of people in Bangladesh in recent decades, but the number of superstorms hitting its densely populated coast has increased sharply -- from one a year to as many as three -- due to the impact of climate change.
Cyclone Remal updates: Bangladesh evacuates hundreds of thousands as a severe cyclone approaches from the Bay of Bengal
On Sunday, Bangladesh intensified its evacuation efforts in vulnerable areas in anticipation of the severe cyclonic storm 'Remal,' which is expected to make landfall by evening or midnight. The storm is forecasted to bring a significant tidal surge and heavy rainfall to the coastal districts of Satkhira and Cox's Bazar.
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Thousands flee as cyclone barrels towards Bangladesh
Tens of thousands of Bangladeshis left their coastal villages Sunday for concrete storm shelters further inland as the low-lying nation prepared for the expected landfall of an intense cyclone, officials said. "Our plan is to evacuate hundreds of thousands of people from unsafe and vulnerable homes to the cyclone shelters," the government's disaster management secretary Kamrul Hasan told AFP. The authorities have mobilised tens of thousands of volunteers to alert people to the danger.
Influx from Myanmar continues; 1,430 Myanmarese take shelter in Mizoram in past 10 days
There is renewed clashes between the army and 'pro-democratic forces in Myanmar. A senior official in Mizoram said that on Friday and Saturday around 40 Myanmarese nationals including women and children crossed the India-Myanmar border. They took shelter in Mizoram's Saitual and Champhai districts.
Political parties flock to Mumbai shelter as homeless residents become voters
Here's the remarkable journey of homeless individuals in Mumbai who have transitioned from shelter residents to registered voters, thanks to the tireless efforts of the Social and Evangelical Association for Love (SEAL). This heartening tale highlights their newfound political empowerment and the attention they've garnered from political parties eager to engage with them.
India Shelter Finance Corporation Q4 Results: Net profit soars 47% YoY to Rs 78 crore
The mortgage lender, which got its shares listed on December 20 last year, said its assets under management rose to Rs 6084 crore at the end of March. The company, which is active in the affordable housing space, operates out of 223 branches in 15 states.
Congress, SP and BSP have 'history of stoking unrest and sheltering troublemakers': CM Adityanath
Chief Minister Yogi Adityanath of the Indian National Congress (BJP) has praised the party's actions, stating that the party has provided shelter to four crore impoverished citizens and rejuvenated the Panchtirth associated with Baba Saheb Bhim Rao Ambedkar. Adityanath compared the Congress, Samajwadi Party, and BSP to a "history of stoking unrest and sheltering troublemakers."
Exclusive: Chiratae Ventures secures $70 million via portfolio sale as VCs eye exits
Chiratae Ventures sold stakes to Madison India Capital for $70 million, involving companies like Lenskart, Bizongo, and Rentomojo. Madison Capital, supported by Lexington Partners, had invested in Sequoia Capital India's portfolio firms like Star Health.
India Shelter Finance shares fall 10% post listing. Should you hold or sell?
Analysts said there is still value in holding the stock from a medium- to long-term perspective as the company boasts of strong fundamentals and delivered strong financial performance in the last few years.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 107.6 points up at 21560.7
India Shelter Finance shares list at 26% premium over issue price
Ahead of the listing, the company's shares traded at a premium of Rs 157 in the unlisted market. At the upper price band, the company is valued at a P/BV of 2.4X with a market cap of Rs 5278 crore post the issue.
India Shelter Finance to make debut on Wednesday. Here's what GMP indicates
However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly
India Shelter Finance IPO share allotment to be finalised today. Check status, GMP and other details
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
India Shelter Finance IPO subscribed 36.62 times on last day of bidding
India Shelter Finance is a retail-focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between FY21 and FY23, it witnessed a two-year CAGR growth of 40.8% in terms of assets under management.
India Shelter Finance IPO booked 4.34 times on Day 2; GMP rises sharply
The retail portion of the public offer was booked 5.05 times and the NII part was subscribed 7.33 times. The part reserved for qualified institutional buyers was subscribed 84%.
If you have 2-3-year horizon, you can still ride the power wave: Devang Mehta
“One has to be cautious as such that the entire market is doing well. There has to be certain gravity. But as I said, some of the sectors, energy, ancillary companies, power companies, we keep on liking and I think that there is still a good upside to most of them.”
India Shelter Finance IPO: Issue subscribed 1.48 times on Day 1. Check GMP and other details
The initial public offer (IPO) of India Shelter Finance was subscribed 67% so far on the first day of the bidding process. The issue closes on December 15.
India Shelter Finance IPO opens. Should you subscribe to the issue?
India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
India Shelter Finance collects Rs 360 cr from anchor investors ahead of IPO
Goldman Sachs Funds, ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, UTI MF, Nippon India MF, Quant MF, Edelweiss MF, Bandhan MF, Tata MF, ICICI Prudential Life Insurance Company Ltd, SBI Life Insurance Co Ltd, and Max Life Insurance Company are among the anchor investors.
India Shelter Finance IPO: What GMP signals ahead of issue launch on Wednesday
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
India Shelter Finance is well placed to benefit from affordable housing opportunity
The gross non-performing asset (GNPA) ratio fell to 1.1% in FY23 from 2.1% in the previous year. The return on asset (RoA) was 4.1% in FY23.
India Shelter Finance IPO to open on December 13. Here are 10 things to know about the offer
India Shelter Finance IPO comprises fresh equity issue worth Rs 800 crore along with an offer for sale (OFS) of 400 crore. The price band of this public issue is fixed at Rs 469-493, and at the upper end, the company plans to raise Rs 1200 crore. ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital Company and Ambit Pvt Ltd are the book running lead managers for the IPO.
IPO calendar next week: 2 mainboard, 4 SME IPOs to raise Rs 2,500 crore
The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.
India Shelter Finance fixes price band of Rs 469-493 for its Rs 1,200-crore IPO
The public offer comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. Investors can bid for a minimum of 30 shares in one lot and multiples thereafter. The Gurugram-headquartered company had filed draft papers with the market regulator in August this year and received approval for the same in November.
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